Southern Asia: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Southern Asia

The South Asian pyrotechnic articles market surged to $X in 2021, with an increase of 17% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Pyrotechnic Articles Production in Southern Asia

In value terms, pyrotechnic articles production surged to $X in 2021 estimated in export price. In general, production, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2019 with an increase of 53% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Pyrotechnic Articles Exports

Exports in Southern Asia

Pyrotechnic articles exports skyrocketed to X tons in 2021, rising by 239% compared with the previous year. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 693% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, pyrotechnic articles exports skyrocketed to $X in 2021. Over the period under review, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 488% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

India prevails in exports structure, reaching X tons, which was approx. 96% of total exports in 2021. The following exporters - Sri Lanka (X kg) and Pakistan (X kg) - each accounted for a 4.2% share of total exports.

India experienced a relatively flat trend pattern with regard to volume of exports of signalling flares, rain rockets, fog signals and other pyrotechnic articles. At the same time, Sri Lanka (+21.5%) and Pakistan (+12.6%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +21.5% from 2012-2021. While the share of Sri Lanka (+1.9 p.p.) and Pakistan (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-3.2 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest pyrotechnic articles supplier in Southern Asia, comprising 87% of total exports. The second position in the ranking was held by Sri Lanka ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India stood at +4.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Sri Lanka (+31.9% per year) and Pakistan (+1.4% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, with an increase of 33% against the previous year. Export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pyrotechnic articles export price decreased by -1.3% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 51% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+8.2%), while the other leaders experienced mixed trends in the export price figures.

Pyrotechnic Articles Imports

Imports in Southern Asia

In 2021, overseas purchases of signalling flares, rain rockets, fog signals and other pyrotechnic articles increased by 33% to X tons, rising for the fifth consecutive year after three years of decline. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 677% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, pyrotechnic articles imports contracted to $X in 2021. Overall, imports showed a significant increase. The growth pace was the most rapid in 2018 when imports increased by 744% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then reduced in the following year.

Imports by Country

Afghanistan dominates imports structure, amounting to X tons, which was near 98% of total imports in 2021. India (X tons) took a minor share of total imports.

Afghanistan was also the fastest-growing in terms of the signalling flares, rain rockets, fog signals and other pyrotechnic articles imports, with a CAGR of +70.3% from 2012 to 2021. India (-1.6%) illustrated a downward trend over the same period. While the share of Afghanistan (+75 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-47.5 p.p.) displayed negative dynamics.

In value terms, Afghanistan ($X) constitutes the largest market for imported signalling flares, rain rockets, fog signals and other pyrotechnic articles in Southern Asia, comprising 95% of total imports. The second position in the ranking was held by India ($X), with a 3.7% share of total imports.

In Afghanistan, pyrotechnic articles imports increased at an average annual rate of +51.2% over the period from 2012-2021.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, reducing by -31% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the import price increased by 39%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Afghanistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.3%).

Source: IndexBox Platform

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